Rumors Busted! Finance Minister Tells Parliament, Bitcoin Not Banned in India!

Union minister Anurag Singh Thakur, told the upper house of Indian parliament, Holding or trading cryptocurrencies like bitcoin is not banned in India.

The Minister of State to Ministry of Finance said, issues and concerns relating to Crypto currency is still under radar and investigation of a government-appointed inter ministerial committee.

 

He stressed that the Reserve Bank of India and the Ministry of Finance had issued a string of circulars and notices regarding the use of bitcoin and other similar coins.

As of now it’s cleared that Bitcoin is not banned in India! only a final report from the committee could shed more light on the final status of such nascent asset class.

Presently, there is no separate law for dealing with issues relating to cryptocurrencies,” wrore Thakur in his response. “Hence, all concerned Departments and law enforcement agencies, such as RBI, Enforcement Directorate and Income Tax authorities, etc. take action as per the relevant existing laws.”

Thakur went on stating “It is difficult to state a specific timeline to come up with clear recommendations. The Inter-Ministerial Committee (IMC) under the Chairmanship of Secretary, Department of Economic Affairs is examining all issues, including the pros and cons of the introduction of an official digital currency in India. No decision on licensing and authorising any entity or company to operate such schemes or deal with Bitcoins or any virtual currency has been made as yet.”

Bitcoin To Play Major Role in 2020 US Election!

Bitcoin price saw a gain after the comment of Donald Trump as bitcoin traders and investors bet that Trump’s acknowledgment of bitcoin will bring greater awareness of crypto and could push prices up.

 

In the crypto world, they took Trump’s tweets as an endorsement of bitcoin and the underlying blockchain technology.

Achievement unlocked! I dreamt about a sitting U.S. president needing to respond to growing cryptocurrency usage years ago,” Coinbase chief executive Brian Armstrong tweeted. “‘First they ignore you, then they laugh at you, then they fight you, then you win.’ We just made it to step three y’all.

Mati Greenspan, senior market analyst at eToro wrote in a note to clients, “Even though Donald says he’s not a fan of bitcoin, the fact that he’s mentioning it at all is hugely bullish for the entire crypto market.”

Andrew Yang, has previously praised bitcoin’s underlying technology, saying: “The blockchain has a wealth of potential. [It] could make many things more secure transparent and efficient.”

Now Trump has made bitcoin a valid issue, there’s nothing stopping these and others in the race to the White House making bitcoin and crypto a bigger part of their campaigns.

Would You Buy A Physical Bitcoin For $99,000!

A listing on July 1 shows, A physical bitcoin is selling on eBay for $99,000. The seller claims the “collector’s must have” is a Casascius brass token that was created in 2011.

Payment can be made in crypto or cash or for real estate. The seller says they made the purchase back in 2012 and have kept it in their safe since then, adding: “Only a few hundred remains in the ENTIRE world.”

The private key for the bitcoin is embedded inside the physical coin on a card protected by a tamper-evident hologram.

The main question remains “What can you do with this physical Bitcoin?”

Back in March, the owner of a startup that never launched its initial coin offering attempted to sell the project on the e-commerce website for $60,000.

First Ever Browser For IOS With Web 3 Support And Crypto Wallet Launched By Opera.

Starting today The blockchain ready Opera Touch browser for iOS is available for download. This follows Opera’s addition of Crypto Wallet support on Android and PC, that means Opera is now Web 3 ready across all major platforms.

“I am happy to let you know that the award-winning Opera Touch browser for iOS now features crypto wallet integration and Web 3 support. This completes our efforts to offer Web 3-ready browsers with built-in Crypto Wallet on Android, Windows, Mac, Linux and now iOS. Opera Touch for iOS lets you seamlessly interact with the next generation of Web 3 applications on the Ethereum blockchain.”

Opera has won couple of awards the Red Dot Design Award and Gold IF Design Award. Opera Touch is an innovative web browser which is used by millions.

Opera supports all ERC-20 tokens, stablecoins and non-fungible tokens (NFT). Ethereum is a popular and quickly growing protocol that allows people to make transactions and enables developers to create decentralized apps (dApps) which provide practical use for this technology.

Opera Touch for iOS with Crypto Wallet, like the Opera browser for Android, supports the Ethereum Web3 API, making interacting with dApps seamless, without the need for browser extensions.

Cryptocurrency Trading Likely To Be Allowed In Russia.

On June 21, Russian news service Interfax reported, A representative of the Russian Ministry of Finance (MinFin) says the ministry is considering allowing cryptocurrency trading.

The Deputy Minister of Finance Alexei Moiseyev told journalists on Friday that, cryptocurrency trading may be allowed in the coming bill on the circulation of cryptocurrencies in the Russian Federation.

 

In May of last year, A bill prohibiting the use of crypto assets as a means of payment in the Russian Federation was passed.

Anatoly Aksakov, head of the Duma Financial Market Committee, called the pending decision a compromise and pointed out that the Financial Action Task Force recommended that Russia adopt a bill regulating the circulation of cryptocurrencies by the end of this year.

Also this week, news broke that the head of the Bank of Russia said that while they are exploring the possibility of launching a central bank digital currency (CBDC), it is not planned for the near future.

20 Circle K Convenience Stores Successfully Installed Bitcoin ATMs.

DigitalMint, a Chicago-based over-the-counter cryptocurrency trading platform, has installed bitcoin kiosks at 20 Circle K convenience stores as part of a pilot program across Arizona and Nevada.

This is one of the major step taken for the expansion of crypto platform since its founding 2014, according to a press release. In five years, the company has established either ATM or in-person teller branches at 250 locations in 25 states.

 

“We are thrilled to be partnering with a respected organization like Circle K,” said Marc Grens, DigitMint’s president, in the release. “This partnership opens the door for massive expansion of bitcoin access to new markets around the globe.”

Consumers can buy and trade up to $20,000 bitcoin, ethereum and litecoin per day through DigitalMint ATMs. There’s a charge of 12% Per transaction, though rate reductions are available according to the company’s website.

Joel Konicke, category manager at Circle K Stores Inc stated “Partnering with DigitalMint allows us to provide our customers with seamless access to bitcoin, at a very reasonable price.”

Purchases must be made with cash, as the company does not accept debit or credit cards. Bitcoin can also be purchased through bank wire, but the company sets a $5,000 minimum. Approved customers can have transaction limits pushed above $1 million.

The bitcoin ATMs in Arizona are located in Phoenix, Mesa, Tempe, Tucson, Flagstaff, Surprise and Maricopa. In Nevada, the ATMs can be found in Las Vegas.

Why Bitcoin JUMPED!

It is Finally happening, Bitcoin debt the price of all seems to indicate flat lining vertically got it now the bull is a conspiratorial animal and things like this are never of a natural occurrence ever neither up nor down it’s always some tether manipulation of some sort today it is most definitely because of the bad Briggs.

The government once again failed to reach consensus, after it went through resistance bang. The three key resistance levels were smashed 42 44 45 and not just for Bitcoin but Etherium over a $150 again, XRP isn’t on much difference, 450 litecoin well over $60, Finance coin is 19 bucks and Tether is a penny over a dollar, about Cardno it is almost 8, these peaks almost confuse sellers where they should put their sell orders.

Shorter’s of Bitcoin that bet the wrong way $400 million dollars lost getting liquidated in the last six hours, taking a look at what happened within 30 minutes Bitcoin jumped almost 20% to hit resistance at differing price levels. Now it depends on what exchange you saw sometimes you would have seen Bitcoin heading over 5k but generally the Aggregate a price that Bitcoin hit resistance at was for 800 for 830 someone for 850.

Many of us would like to have seen the old resistance lines be the resistance again which would learn about $6,000 sadly that’s not been the case however the good news is that this is pointing to a very positive and recent trend which is Bitcoin posting higher highs and higher lows where will it go now? to be honest no one is quite sure.

The idea of buying crypto at a peak being the point of maximum financial risk has proven to be far less true than it has been in a very long time, you don’t want to buy in if it’s a silly jump in price but so far it’s been a great idea you think you’re buying the top but nope that’s not always the case.

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Cryptocurrency Market Update

Lyft IPO at $72 valuing the company at $24 billion dollars. the way the capital is forming is changing public and private markets. a lot of companies are staying private for longer and that STO space is going to hopefully break down these barriers to entry because often it’s the rich getting richer. it’s all these VCS that get to get in these deals early and by the time these companies hit the stock market they’re just ridiculous valuations particularly in the tech space.

Apple after selling iPhone’s and iPad’s move into another industry that’s highly profitable that is finance and banking now they’ve partnered with Goldman Sachs and MasterCard. This new card is going to track every purchase you make in GPS.

The International Monetary Fund and the BIS coming out an warning that emerging markets are going to be crushed in the next financial crisis just like consumers they’re under way too much debt a lot that’s denominated in U.S. dollars they’re not going to be able to pay that off and they come out and say that they the IMF don’t have sufficient lending capacity to respond so each crisis has kind of got bigger and further up the food chain and went to the point where all the central banks are going to be have to be bailed out in the next downturn.

funfair have launched the first license title so Alice Cooper school’s out for summer this is their first blockchain game first licensed they have got the goods assist now all about on boarding users and that funfair tokens going to have a lot of utility if this starts to take off.

Japan’s largest railway company considers new crypto payment system for transport cards and this was tweeted out by Kwan stamp that got people really excited and also which has directly nothing to do with Quan Stamp they do have a strong Japanese presence and obviously a lot of pool in the Japanese crypto community but either way good to see more adoption of these sort of payment systems and we’re seeing all sorts of varieties.

If you’re a Ripple holder, Indian Bank partners with ripple net to facilitate cross-border payments whether or not this is using the XRP token that remains to be seen and that’s still that number one thing. About Pro projects they’re going to come back into fashion this new because they’ve been so busy building and you can now use queue to them anywhere by using Apple pay and Samsung pay.

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How do you deposit on Binance.

If you are confused or don’t know how to deposit on Binance, then here is the quick guide for it.


Head to the main page of Binance and login with your credentials. Then on the top right you’ll see Funds – Deposits Withdrawals – Deposit – Copy the deposit address or scan the deposit QR code.


Please input this as the withdrawal address on other exchanges or the destination address for the wallet you are sending from.


If you are using Bitfinex as an example, paste Binance’s BTC deposit address found above into Bitfinex’s BTC withdrawal address field, along with the withdrawal amount.


Go back to Binance’s Official Website if you want to check the status of your deposit, Click Funds – History – History – Click the “Check” after the Txid address.


So, that’s how you deposit on Binance.

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The Impossible rise of Bitcoin, It will hit $1 Million. Says IBM’s VP of Blockchain Jesse Lund.

There are many people speculating the rise of Bitcoin. One of them is, Jesse Lund, The vice president of blockchain and digital currencies for IBM, said that he expects Bitcoin’s (BTC) price to eventually hit $1 million. Published on YouTube on Feb. 20, Lund made his prediction during an interview with comparison and news platform Finder.com.


Jesse Lund was asked what he expects the price of Bitcoin to be on this new year’s eve, Towards the end of the interview. He said, he thinks the price will rise and cross the current mark, clarifying, “I’ll go with $5,000.” He then continued his prediction, adding:

“I see Bitcoin at a million dollars someday.”

Jesse Lund further explained that he “likes that number,” given that “if Bitcoin is at a million dollars, then satoshi is on value parity with the U.S. penny.” He then suggested that such liquidity could change corporate payments and high value payments in general, concluding:

“I see maybe $5,000 at the end of the year, but I see a way higher upward trajectory.”


During the interview, Lund also talked about the collaboration they are having with Stellar (XLM) and the use of the network’s native asset in IBM’s cross-border payment network, Blockchain World Wire (BWW). IBM uses XLM in BWW both as to pay transaction fees and an intermediate currency, As previously reported.


Lund also revealed that the firm is considering working with various other digital assets, explaining that they believe “there should be an ecosystem of, a variety of digital assets that provide settlement instruments that enable these cross-border payments, and the participants in the network should be able to choose and negotiate their choices in real-time.” He further stressed:

“It could be Ripple, it could be XRP even, it could be Bitcoin, but it would also probably include other instruments, like stabecoins, and even eventually soon – hopefully – central bank-issued digital currencies.”


As Cointelegraph recently reported, by market value Oman’s second largest bank, became Ripple Net’s most recent member, joining to enable cross-border payments to India.


After closing a partnership with Stellar in October 2017, IBM brought its BWW payment network out of beta back in September 2018.

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